Spotify puts its threats to the streaming tax

As part of the 2024 finance bill, an amendment was adopted to create ataxe streamingwhich will finance the National Center for Music (CNM). The latter will be“Of a rate of 1.75% of their turnover achieved in France”And will not directly affect consumers, according to the latest information we have.

Spotify does not takeoff

This measure is intensely combated by Spotify and some of its rivals. The entertainment giant has also promised to "disinvest" in France if the measure was adopted. These were not words in the air, since the Swedish company has indeed just announced the stop of sponsorship of certain musical events.

This is the case with the Francofolies of La Rochelle and the Printemps de Bourges, two major festivals in France. And that's not all, since Spotify also disengages from two initiatives for emerging artists (the site and the incredible), according to our colleagues from01Net. However, the real impact is unknown in the budget of these meetings.

As for the National Center for Music, one of its ambitions is to support French musical creation. We can therefore imagine that he will help these festivals abandoned by the Nordic company.

For its part, the ESML union, which notably represents the Spotify and Deezer platforms, does not take off.He warnedthat the implementation of this tax could lead to a 10 % increase in subscriptions on their respective services for their French customers.

What do you think of this measurement and the Spotify reaction? Do not hesitate to share your point of view in the comments.